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Where Taxpayers and Advisers Meet
Selling a share of my home to a family member
My daughter would like to sell her property, move into my house and use her equity to buy a share of it, thus giving me a lump sum in return. As this would be our only home, would Capital Gains tax or any other tax be payable on the money I receive.
Re: Selling a share of my home to a family member
If you are selling a share of your home, no CGT is payable.
Re: Selling a share of my home to a family member
Thank you for that. So I can just use the money she pays me save or to spend without having to declare it to the taxman as income of any form (such as unearned income)?
Re: Selling a share of my home to a family member
Correct. There is no need to declare any gain arsing from the sale of your home.
Re: Selling a share of my home to a family member
Wonderful service, much appreciated 
Re: Selling a share of my home to a family member
Do remember though that your daughter might have to pay SDLT depending on how much she's paying for a share.
